Farm Land Identification Program

New Brunswick property tax deferral for farmland preservation

The Farm Land Identification Program provides for the deferral of provincial property taxes on eligible farmland and outbuildings to encourage the preservation of real property for agricultural use. To be eligible, land must be in active use by an agricultural operation or if not in active use, it must be suitable (as defined in the Act) for use by an agricultural operation. The program provides for the deferral of the applicable provincial real property tax on the assessed value of registered farmland and farm outbuildings. The portion of the local or municipal tax rate that is above the average LSD rate for the province is also deferred.